CB-2 50 MW operational Q2 2025
Company: TeraWulf - Project: La Lupa
What the later record shows
The date slipped · new target December 31, 2025
CB-2 was not operating in Q2 2025. Its date moved to Q4 2025, then November 2025, then around year-end, and only 18 critical IT MW of HPC was energized at 2025-12-31. A 2026-03-31 campus total of 60 MW critical IT suggests later completion, but no passage ties that figure to CB-2.
“CB - 2 on track for Q4 delivery HPC - Ready Infrastructure • Industrial - scale, high - density compute sites”
2025-08-13 · terawulf 8-K exhibit (tm2523008d1_ex99-3.htm) View cached copy (2026-10-06)Live source ↗
“La Lupa 22.5 of capacity online and another 50 MW delivering around year-end subject to tenant fit-out requests”
2025-11-10 · Investor Presentation View cached copy (2026-10-06)Live source ↗Archive.org ↗
“As of December 31, 2025, the Company had energized 18 critical IT MW of HPC capacity and remains on track to deliver additional contracted capacity”
2026-02-27 · View 10-K PDF View cached copy (2026-09-01)Live source ↗Archive.org ↗
“As of March 31, 2026, the Lake Mariner Data Campus operated 145 MW of legacy bitcoin mining capacity and had 60 MW of critical IT HPC capacity.”
2026-04-15 · TeraWulf 424B5 filed 2026-04-16 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CB-2 HPC facility with 50 MW expected to be operational in Q2 2025.
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “CB-2: 50 MW expected to be operational in Q2 2025”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The HPC timeline slide states this directly.
Confirmed in the source:
- The CB-2 HPC facility, with 50 MW, is expected to be operational in Q2 2025
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23300/pdf/WULF_Nautilus_Sale_Announcement_Deck_%2810-03-24%29vF.pdf) in full (14,394 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nautilus Sale Announcement
Quote: “CB-2: 50 MW expected to be operational in Q2 2025”
delays TeraWulf 424B5 filed 2026-04-16
Quote: “As of March 31, 2026, the Lake Mariner Data Campus operated 145 MW of legacy bitcoin mining capacity and had 60 MW of critical IT HPC capacity.”
delays View 10-K PDF
Quote: “As of December 31, 2025, the Company had energized 18 critical IT MW of HPC capacity and remains on track to deliver additional contracted capacity”
delays terawulf 8-K exhibit (tm2523008d1_ex99-3.htm)
Quote: “CB - 2 on track for Q4 delivery HPC - Ready Infrastructure • Industrial - scale, high - density compute sites”
delays Investor Presentation
Quote: “La Lupa 22.5 of capacity online and another 50 MW delivering around year-end subject to tenant fit-out requests”
confirms Nautilus Sale Announcement
Quote: “CB-2: 50 MW expected to be operational in Q2 2025”